Janel company has outstanding checks of $2,300 on its may bank reconciliation. In June Janel's company issued checks totaling$29,800. The June bank statment shows $20,000 of checks cleared in June. A check from one of Janel's customers was NSF for $250. I am trying to find the amount of outstanding checks on Jones Company's june bank reconciliation.
You have $2,300 still outstanding from May
You have an additional $29,800 issued
Total outstanding checks ...
Check Book Balancing.